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Mortgage Calculators
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Rent Vs. Buy Calculator
This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):
Total estimated cost of renting:
Total estimated cost of buying:
 

 

 
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Office: (919) 676-1111 - Mobile: (919) 880-8811
Fax: 1-888-441-5303
Pager: (919) 786-3800
Email: Hayes@HayesHyman.com
Address: Corporate Investors Mortgage Group, Inc.
1121 Situs Court, Suite 100 Raleigh, North Carolina 27606

 

  
 
CIMG - Corporate Investors Mortgage Group

Corporate Investors Mortgage Group, Inc., a North Carolina Corporation, is licensed as a Mortgage Lender, License No. L-105054.

Hayes Hyman is a licensed Loan Officer employed by Corporate Investors Mortgage Group, Inc., North Carolina License No. I-103687, NMLS Identifier No. 112490.

 

  
 
NCAMP
 Member, North Carolina Association of
Mortgage Professionals 		 
       

 

 

 

 

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